- NEO (NBM) has upscaled its silicon anode production capacity from several grams per hour to several kg per hour
- The engineering improvements provide stronger validation for the company’s 120-ton semi-commercial plant scheduled to be commissioned by the end of next year
- In addition, the company reduced the amount of solvents used in its one-pot synthesis by over 50 per cent, significantly lowering processing costs for its silicon anode material
- This week also marks subsidiary NEO Battery Materials Korea’s establishment as a foreign-invested corporation
- NEO Battery Materials is a Vancouver-based company focused on battery metals and materials
- NEO Battery Materials (NBM) is up by 2.25 per cent and is currently trading at $0.455 per share
NEO (NBM) has upscaled its silicon anode production capacity from several grams per hour to several kg per hour.
The engineering improvements, achieved over the past three months, provide stronger validation for the company’s 120-ton semi-commercial plant scheduled to be commissioned by the end of next year.
In addition to increasing its throughput rate, NEO has reduced the number of solvents used in its one-pot synthesis by more than 50 per cent, which significantly lowers processing costs for its silicon anode material.
Dr. J.H. Park, NEO’s Chief Scientific Advisor, stated,
“NEO Battery’s nanocoated silicon anode, based on low-cost metallurgical-grade Si, utilizes NEO’s optimized milling technique and nanocoating technologies simultaneously, which innovatively improve the poor cycling performance and life of metal-Si. By aiming to implement a continuous process, NEO is attempting to shift the paradigm for production methods and efficiencies of existing battery anode and cathode materials.”
Spencer Huh, NEO’s President and CEO, added,
“As NEO understands the need to fast-track into mass production, we are pleased to announce the accomplishment of the upscaling project. The company is at the forefront of developing unique Si anode lines through its low-cost manufacturing process, and we are customizing solutions for various downstream users to optimize the products for high-power electric vehicle lithium-ion battery applications.”
The company is also announcing that its South Korean subsidiary, NEO Battery Materials Korea, has been established and registered as a foreign-invested corporation. The subsidiary will provide flexibility to finalize, contract and operate the semi-commercial site location. It will also facilitate relationships with Korean provincial governments to apply for grants and expand business opportunities in the lithium-ion battery supply chain.
NEO Battery Materials (NBM) is up by 2.25 per cent and is currently trading at $0.455 per share as of 10:51 am ET.